Market Wrap (recording & summary)

Monday morning’s reaction to gapping down and testing 2899.00 had gravitated back up to being unchanged from Thursday’s 2908.50 close. The afternoon only ranged narrowly around 2908.50, finally breaking free in its last half-hour. But even then the surge to 2912.75 was mostly retraced, essentially leaving an “inside day.” Regardless, the late internal breakout attempt may prove valid, if confirmed by extending higher Tuesday without delay. Otherwise, the pattern probably cannot tolerate much more than the slightest, briefest pullback, if only to attack Monday’s 2899.00 low. Extending higher would target fresh highs at 2926.50-2928.00.

Details and other markets coverage are discussed in the post-market Wrap recording here.
Monitor overnight Globex trading in the chaRTroom here.